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China Backs More Stringent Cybersecurity Laws, Raises Concerns

Dec 28, 2016 10:10 PM EST

China is looking to make internet more secure and safe for its users by implementing new stricter rules. The Cybersecurity Administration of China (CAC) released a report on Tuesday suggesting that the country may soon have a formal cybersecurity review system for technology products.

It is reported that the city was once inhabited by top Chinese nuclear experts.

China’s Radioactive City ‘404’ Features Derelict Buildings, Empty Zoo

S. Rina |

Dec 28, 2016 10:01 PM EST

China is home to a mysterious city codenamed '404', which is believed to be the center of the country's nuclear ambitions during the cold war. It is reported that the city was once inhabited by top Chinese nuclear experts. Some of the buildings still contain nuclear weapon equipment.

China is looking to boost its tourism sector through developing rustbelt regions and initiating

China to Spur Tourism with Its Ambitious ‘Toilet Revolution’

S. Rina |

Dec 28, 2016 09:47 PM EST

China is looking to boost its tourism sector with a number of new initiatives such as developing its rustbelt regions to enhance the inflow of tourists to these areas and upgrading public toilets.

Digital map maker HERE is expanding to China, thanks to its new investors, namely, China's NavInfo and Tencent, and Singapore's GIC.

Mapping Company HERE Receives Chinese Investment

S. Rina |

Dec 28, 2016 09:20 PM EST

Digital mapping company Here is looking to expand in China, after a consortium of two Chinese companies and Singapore's sovereign fund GIC bought a 10 percent stake from the leading German carmakers controlling the mapping firm.

The government pays these generators for electricity produced by them.

China to Slash Subsidies for Solar and Wind Power Projects

S. Rina |

Dec 28, 2016 02:11 AM EST

China is planning to slash its solar and wind power subsidies to account for fall in project costs. The government pays these generators for electricity produced by them. However, due to fall in the overall costs related to these projects, the government has decided to take the new step.

The issue had plagued millions of homeowners in China who had their wealth tied up in the real estate.

China Renews Leases Without Charges to Ease Land Rights Fears

S. Rina |

Dec 27, 2016 09:14 PM EST

China has issued a clarification regarding the land rights in the country. The issue had plagued millions of homeowners in China who had their wealth tied up in the real estate. The country has said that a certain group of homeowners in Wenzhou will not be required to pay an extension fee for their lands.

This is being taken as a signal that the economy is in strong position.

China Claims to Fuel ‘Weak’ Global Economy with its Growth

S. Rina |

Dec 27, 2016 08:51 PM EST

China is on track to meet its 6.5 percent to 7 percent growth rate target this year. This is being taken as a signal that the economy is in strong position. The strength of the Chinese economy is also likely to aid global economy, which is going through a rough phase.

In an interview with CNBC, Icahn discussed various issues including the possibility of hostile trade relationship with China.

Carl Icahn Talks About Trade War with China

S. Rina |

Dec 23, 2016 12:48 PM EST

Carl Icahn has been nominated as special adviser to the president-elect on regulatory reforms. In an interview with CNBC, Icahn discussed various issues including the possibility of hostile trade relationship with China. The activist investor claimed that he does not have any opinion regarding the effects of trade war on the US interests.

These measures entails continuing anti-subsidy and anti-dumping charges on solar products imported from China.

China Opposes EU Continuing Measures Against Chinese Solar Panel

S. Rina |

Dec 23, 2016 11:53 AM EST

China has expressed its disappointment over the extension of trade remedy measures on Chinese photovoltaic products. These measures entails continuing anti-subsidy and anti-dumping charges on solar products imported from China.

The ministry has now confirmed that it will investigate the issue of cheap Chinese imports.

New Zealand to Probe Alleged Chinese Steel Dumping Tactics

S. Rina |

Dec 23, 2016 10:28 AM EST

New Zealand Steel petitioned The Ministry of Business, Innovation and Employment (MBIE) for probing galvanized steel coils imported from China. The ministry has now confirmed that it will investigate the issue of cheap Chinese imports.

The move comes despite the fact that Snap’s flagship service Snapchat is banned in China.

Snapchat Parent Company Snap to Expand Presence in China

S. Rina |

Dec 23, 2016 10:17 AM EST

Snap Inc. is looking to boost its presence in China as the company announced that it is opening a new office in the country. The move comes despite the fact that Snap's flagship service Snapchat is banned in China. It is expected that the company's Chinese operations will mainly focus on Spectacles.

The brokerage firm is currently embroiled in controversy related to the country’s debt market.

China to Investigate Sealand Securities over Suspicious Bond Dealings

S. Rina |

Dec 21, 2016 10:15 PM EST

The China Securities Regulatory Commission (CSRC) has initiated the investigation of Sealand Securities for alleged bond fraud. The brokerage firm is currently embroiled in controversy related to the country's debt market.

Goldman Sachs warned that the yuan may be headed for recording its steepest decline in more than 20 years.

Goldman Sachs Issues Warning on China’s Mounting Currency Outflow

S. Rina |

Dec 21, 2016 06:39 PM EST

According to a research report released by Goldman Sachs, the People's Bank of China (PBOC) liquidated $1.1 trillion worth of foreign currency reserves since August previous year. This amount more than doubles the $540 billion figure reported by the PBOC for the period between August 2015 and November 2016.

The quota has been extended under China’s Renminbi Qualified Foreign Institutional Investor (RQFII) scheme.

China Offers $7.2B Investment Quota to Ireland

S. Rina |

Dec 21, 2016 06:03 PM EST

China has granted a 50 billion yuan ($7.2 billion) investment quota to Ireland, which has been extended under China's Renminbi Qualified Foreign Institutional Investor (RQFII) scheme. The announcement was made by the People's Bank of China on Wednesday.

Japan is now the biggest US creditor, surpassing China for the first time.

Japan Surpasses China as Biggest US Creditor

S. Rina |

Dec 18, 2016 09:23 AM EST

Japan has overtaken China as the country's holdings of the US Treasuries touch $1.13 trillion mark. China, in contrast, now holds $1.12 trillion in US government treasuries. This is the lowest holdings level for China in over six years.